Heinz Co. (HNZ) reported earnings per share from continuing operations of 78 cents for the quarter ended Oct. 27, compared with 76 cents per share a year earlier.
Sales for the second quarter of fiscal 2011 fell 1.2% to $2.61 billion, the company sai…
Investor Nelson Peltz sold 1.6 million shares in H.J. Heinz Co. (HNZ), reducing his stake by about one third. He now holds about 1% of the company’s shares.
Peltz has sold shares worth $75.9 million since Friday, Dow Jones Newswires reported.
In 2006, Peltz successfully fought to get two directors on to the Heinz board as he tried to get the company to improve results.
Heinz…
Continue reading Investor Nelson Peltz Cuts Stake in Heinz
Investor Nelson Peltz Cuts Stake in Heinz originally appeared on DailyFinance on Wed, 15 Sep 2010 08:49:00.
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